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Bitcoin
- More than $100 million stolen from Poloniex crypto platformtherecord.media More than $100 million stolen from Poloniex crypto platform
Hackers stole more than $100 million from cryptocurrency trading platform Poloniex on Friday, taking off with millions worth of Bitcoin and Ethereum.
ackers stole more than $100 million from cryptocurrency trading platform Poloniex on Friday, taking off with millions worth of Bitcoin and Ethereum.
The platform confirmed on social media that it is investigating the theft and that it plans to fully reimburse those who were affected by the hack.
Poloniex said it would pay 5% of what was stolen as a bounty to the hacker in exchange for the return of the funds.
“We kindly request your response within the next 7 days to consider this offer before we involve law enforcement,” they said in a public message to the hacker.
“Additionally, we are exploring opportunities for collaboration with other partners to facilitate the recovery of these funds.”
The controversial company was founded in 2014 before being acquired in 2018 by Circle —- the crypto giant behind the U.S. dollar pegged coin USDC. The company was known for its laissez faire approach to customer controls and for allowing a wide variety of sometimes dubious coins to be traded on the platform.
Circle eventually sold the company 18 months later to Justin Sun, the controversial crypto entrepreneur who moved the company to the Seychelles islands in an effort to avoid regulations.
Sun sent his own message out about the hack investigation on Friday, arguing that the platform “maintains a healthy financial position and will fully reimburse the affected funds.”
“The Poloniex team has successfully identified and frozen a portion of the assets associated with the hacker's addresses. At present, the losses are within manageable limits, and Poloniex's operating revenue can cover these losses,” he said.
- Bitcoin exchange exec admits he ignored anti-laundering lawsgo.theregister.com Bitcoin exchange exec admits he ignored anti-laundering laws
What? Yogurt Monster isn't really a legitimate customer's name?!
- Judge Zia Faruqui is trying to teach you crypto, one ‘SNL’ reference at a timewww.protocol.com Judge Zia Faruqui is trying to teach you crypto, one ‘SNL’ reference at a time
His decisions on major cryptocurrency cases have quoted "The Big Lebowski," "SNL," and "Dr. Strangelove." That’s because he wants you — yes, you — to read them.
- Mysterious entity may be collecting BTC users’ IP addressescointelegraph.com Mysterious entity may be collecting BTC users’ IP addresses — Bitcoin developer
The entity uses a range of 812 different IP addresses to obscure its identity while collecting data.
- Blockchain Easier to Trace Than Paper Moneylancengym.medium.com Why Blockchain’s Operators Have Failed Satoshi
Contrary to his original intentions, cryptocurrencies and DeFi platforms are now more vulnerable to privacy breaches and hacking than…
cross-posted from: https://community.hackliberty.org/post/6684
> This article makes good points to consider when we think about blockchain. Blockchain can absolutely succeed if we can evaluate it objectively and keep the purpose of it in mind. The author is dead wrong when he says it's ok for governments to come in and regulate it. The whole point of this new system is to reclaim what's ours; but our job certainly isn't finished in building the blockchain that will subvert the current system.
- Russia To Allow International Trade In Bitcoin, Crypto For Any Industry: Reportwww.zerohedge.com Zerohedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
cross-posted from: https://community.hackliberty.org/post/5300
The Ministry of Finance of the Russian Federation plans to let any industry in the country to accept bitcoin and cryptocurrencies for international trade without restriction, per a report from local media outlet TASS.
Ivan Chebeskov, director of the Financial Policy Department for the ministry, explained in a recent interview.
> "We are going to allow international settlements in cryptocurrencies for any industries without restrictions."
However, though the ministry intends to offer a non-restrictive flow for the acceptance of bitcoin and cryptocurrencies, there seems to be a difference of opinion coming from the Bank of Russia.
>“[The central bank] is in favor of creating a full-fledged infrastructure for the circulation of digital currencies in Russia,” said Chebeskov.
Thus, while the Ministry of Finance prefers a local approach to the regulation of digital assets, the central bank is pursuing a broader range of regulatory action. Chebeskov detailed that the Ministry of Finance has two primary functions as it relates to the regulation of digital assets for international payments.
>"We believe that we need local crypto infrastructure,” said Chebeskov.
>“First of all, to protect the interests of citizens.”
>“Because now those who trade their digital currencies on crypto exchanges are limited,” Chebeskov continued.
>“Secondly, to control when digital currency is used legally and when not.”
- Crypto.com Mistakenly Transfers $7 Million To Australian Woman In Refund Blunderwww.zerohedge.com Zerohedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
cross-posted from: https://community.hackliberty.org/post/2978
A Melbourne woman received quite the surprise when she discovered that nearly AU$10.5 million ($7.2 million) was accidentally deposited into her bank account by the digital currency app Crypto.com.
The Singapore-based company discovered during a December audit that it had mistakenly refunded AU$10.47 million to Thevamanogari Manivel in May 2021, when it was attempting to issue a refund of just AU$100 ($70).
According to court documents (pdf), the incident happened after an account number was accidentally entered into the payment amount field by an employee instead of the AU$100 amount.
However, the mistake was not realized by the company until months later by which time Manivel, with some help from her sister, Thilagavathy Gangadory, had already gone on quite a spending spree.
She also failed to notify Crypto.com of the mistake.
- Bitcoin: Cash for the internetanarkio.codeberg.page Bitcoin: Cash for the internet
Bitcoin (BTC) is cash for the internet. Send and receive money worldwide without a bank account or ID.
cross-posted from: https://community.hackliberty.org/post/1454
- FOSS, Self Hosted Bitcoin Marketplace "Sqeak Road" Released as Umbrel Appstacker.news Squeak Road: Open source darknet market \ stacker news ~bitcoin
"Squeak Road" is a new app in the Umbrel app store that lets anyone run their own darknet market. Just go to the app store and install the app, and you are now the admin of a darknet market. You can share the onion address publicly so that buyers and sellers can find your market. All payments and wi...
cross-posted from: https://community.hackliberty.org/post/306
"Squeak Road" is a new app in the Umbrel app store that lets anyone run their own darknet market.
Just go to the app store and install the app, and you are now the admin of a darknet market.
You can share the onion address publicly so that buyers and sellers can find your market.
All payments and withdrawals use lightning network.
As the admin of your market, all you have to do is set the fee rate, and approve/reject listings from sellers.
- An Argument Against KYC Bitcoinarchive.org An Argument Against KYC Bitcoin : Heady Wook : Free Download, Borrow, and Streaming : Internet Archive
An argument against KYC bitcoin.
cross-posted from: https://community.hackliberty.org/post/140
by Heady Wook
- Bitcoin for Small Business without the NgU
cross-posted from: https://community.hackliberty.org/post/96
> Bitcoin for Small Business without the NgU. An open source brochure to present to small businesses in your community. > > PDF here: https://github.com/linkinparkrulz/Brochures
- But how does bitcoin actually work?yewtu.be But how does bitcoin actually work?
The math behind cryptocurrencies. Help fund future projects: https://www.patreon.com/3blue1brown An equally valuable form of support is to simply share some of the videos. Special thanks to these supporters: http://3b1b.co/btc-thanks This video was also funded with help from Protocol Labs: https://p...
cross-posted from: https://community.hackliberty.org/post/12
> I wanted to make sure I shared this from 3Blue1Brown since it is by far the best explanation of the underlying mathematics and workings of Bitcoin and most Crypto currencies in general. > All credit Goes to 3Blue1Brown for this, I'm just sharing.
- Find work and hire people for Bitcoin with Microlancer (KYC-free)
cross-posted from: https://community.hackliberty.org/post/8
> Microlancer is a KYC-free Bitcoin Lightning freelance platform for jobs, gigs and microtasks with built-in escrow and P2P reviews. Signup for free and post a task, apply to an existing task or list your services.
- Bitcoin P2P Marketplace (Buy/sell products for Bitcoin in Telegram)t.me Bitcoin P2P Marketplace
Buy, sell, trade, and offer services in exchange for Bitcoin. Peer-to-peer without a middleman *PLEASE READ THE PINNED MESSAGE* https://t.me/bitcoinp2pmarketplace/21 Seller feedback -> @MarketplaceReviews Chatroom -> @MarketplaceChatroom
cross-posted from: https://community.hackliberty.org/post/7
> Buy and sell products/services for Bitcoin in Telegram with https://t.me/BitcoinP2PMarketplace. Need an anonymous number? JuicySMS.com, TextVerified.com and SMSPVA.com offer KYC-free SMS verification for Bitcoin. You can additionally use Anbox in Whonix Workstation (https://www.whonix.org/wiki/Anbox) for more privacy.
- KYC-Free Bitcoin Circular Economies: Free The Markets, Free The World
cross-posted from: https://community.hackliberty.org/post/6
> Use Bitcoin to liberate yourself from the state's monopoly on money (fiat), identity (government ID KYC) and markets (regulations). Accept Bitcoin in your business, encourage your favorite stores to accept Bitcoin and trade in peer-to-peer marketplaces to create free markets for all.